MSTR Stock Echoes Past Crash Pattern Amid Analyst Warnings

The Strategy (MSTR) stock, after reaching $442 in July, is now trading at $309 as of September 26, reflecting a sideways movement and eroding gains from earlier in 2025. Analysts have noticed a pattern similar to the 2021-2023 period, which led to a 50% crash when support was lost. Crypto analyst Ali Martinez highlights $257 as a critical support level, with potential decline to $120 if breached.

$MSTR stock forms a fractal pattern | Source: Ali Martinez$

MSTR trades at a premium above its Bitcoin holdings, but this has reduced from 2x to 1.44x in 2025.
Royal Bank of Canada increased its stake in MSTR by 16% last quarter.
The stock's appeal is questioned due to reduced premium and investor fatigue amid slower Bitcoin purchases.

Michael Saylor's Strategy owns approximately 640,000 BTC worth around $70 billion. Concerns arise that a further BTC price drop could pressure MSTR stock, potentially triggering forced sell-offs.

Peter Schiff's Perspective

Peter Schiff suggests owning Gold would have been more beneficial than Bitcoin for MicroStrategy.
He notes a paper gain of about 47% on $47.3 billion Bitcoin purchases, versus a 30% gain had it been Gold.
Schiff argues Gold offers better liquidity compared to Bitcoin, where large sales could crash the price.

Despite criticism, Michael Saylor remains committed to increasing Bitcoin holdings, as hinted in his recent tweet on September 28.